Add BLPT to Linux plays. Sorry about the bad patch from the BW article.
LOS ANGELES--(BUSINESS WIRE)--March 6, 2000--Bluepoint
Linux
Software Corp. (OTCBB:BLPT) of Shenzhen, China, announced
that its
common shares began trading in the United States today on the
OTC
Bulletin Board.
The company believes that it is the first publicly traded Chinese
company entirely devoted to the development of the Linux operating
system. The Bluepoint Linux Software Corp. capital structure is
represented by a total of 20 million common shares, of which
4.5 million shares are in the float.
The company's focus is the continuing development of the Linux
operating system and embedded Linux platforms, as well as the
delivery
of related value-added services and support to its users. The
company
recently released the first true Chinese Linux operating system,
which
is marketed as "Bluepoint."
Unlike other Chinese Linux operating systems that rely on an
external Chinese language platform to support Chinese language,
Bluepoint supports Chinese language from the Kernel level (Kernel
is
the internal part of the operating system), thus making the system
more efficient and completely compatible with Chinese application
software. Bluepoint is very stable, easy to use and offers high
performance. It supports multiple languages and is most suitable for
Asian users.
Bluepoint has demonstrated a high level of acceptance in China.
Bluepoint now controls 80 percent of the Chinese Linux bundling
market
and is pre-installed by several major computer manufacturers in
China,
including Great Wall, TCL and Xiahua Shanbao. The company also
provides customized development and training services for all
computer
manufacturers who bundle its software.
Management believes Bluepoint Linux in China is similar to Red
Hat Linux (Nasdaq:RHAT) in the United States, with a $13 billion
market cap, and comparable to VA Linux Systems (Nasdaq:LNUX).
Bluepoint operates two Web sites, openunix.org and
bluepoint.com.cn, which management believes to be the
largest and most influential Linux/Unix sites in China. The sites
feature technical discussion forums, e-mail lists, knowledge bases,
technical documents and 20GB of free software resources.
Forward-looking statements in this release are made pursuant to
the safe-harbor provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the company's products and
technological changes, the company's dependence upon third-party
suppliers, intellectual property rights and other risks detailed from
time to time in the company's periodic reports filed with the
Securities and Exchange Commission.
--30--MW/la* BN/la SJK/la WJA/la MRA/la
CONTACT: Bluepoint Linux Software Corp.
Yu Deng, 011-86-755-376-2651
bluepoint.com.cn
E-mail: info@bluepoint.com.cn
or
The Pace Communications Network
Simon Em, 800/791-5777
KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
NETWORKING SOFTWARE
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